The Institute of Chartered Accountants of India
(Setup by an Act of Parliament)
(Setup by an Act of Parliament)
Introduction
In this Exposure Draft, the International Accounting Standards Board (Board) proposes narrow-scope amendments to IFRS 3 Business Combinations. The amendments would update a reference to the Conceptual Framework for Financial Reporting without changing the accounting requirements for business combinations. Updating the reference without making any other changes to IFRS 3 could change the accounting requirements for business combinations because the liability definition in the 2018 Conceptual Framework is broader than that in previous versions.
Invitation to comment
ASB invites comments on the Exposure Draft from the public.
How to comment
Comments should be submitted using one of the following methods, so as to be received not later than August 16, 2019.
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Click 'Submit a Comment Letter' below: |
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Comments can be sent to: commentsasb@icai.in |
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Secretary, Accounting Standards Board, The Institute of Chartered Accountants of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi 110 002 |
Further clarifications on this Exposure Draft may be sought by e-mail to asb@icai.in
The Exposure Draft is open for comment until 16th August, 2019
| Due process documents |
| Reference to the Conceptual framework (Proposed amendments to IFRS 3) [PDF] |